Question

More Info In mid-November, Dee Electronics started production on 100.000 game consoles Of this number. 90.000 game consoles were assembled during November and transferred out to the Programming Department. The November 30 Work-in-Process Inventory in the Assembly Department was 35% of the way through the assembly process. Direct materials costing $399,000 were placed in production in Assembly during November, direct labor of $139,000 was assigned, and manufacturing overhead of $130.280 was allocated to that department. Print Print Done Done d then click Check Answer.

Answer 1

Step for solution
Step 1	Equivalent Units of production = Physical units multiplied by % of competition
Step 2	Calculate total cost to be accounted for
Step 3	Cost per Equivalent Unit = total cost to be accounted for / Equivalent Units of production
Step 4	Cost assigned to units transferred out = units completed and transferred out * Cost per Equivalent Unit
Step 5	Cost assigned to units ending work in progress = equivalent units in ending WIP inventory * Cost per Equivalent Unit

Dee Electronics
Assembly Department production Report
Weighted average Method
Month ended November 30
Summary of Physical units
Units in beginning WIP inventory			-
Units started during month			100,000
Total unit to be accounted for			100,000
Units completed and transferred out			90,000
Units in ending WIP inventory (100000-90000)			10,000
Total unit accounted for			100,000
Equivalent Units of production
Particulars	Physical units	Direct material		Conversion Cost
		%	units	%	units
Units in Started and completed (90000-0)	90,000	100%	90,000	100%	90,000
units in ending WIP inventory	10,000	100%	10,000	35%	3,500
Equivalent Units of production			100,000		93,500
Summary of cost to be accounted
	Direct material	Conversion Cost	Total
Cost in beginning WIP	$                   -	$                   -	$                   -
Cost incurred during Month (For Conversion = 139000+130280)	$        399,000	$        269,280	$        668,280
total cost to be accounted for	$        399,000	$        269,280	$        668,280
cost per Equivalent Unit
total cost to be accounted for	$        399,000	$        269,280
Divided by: Equivalent Units of production	100000	93500
Cost per Equivalent Unit	$               3.99	$               2.88	$               6.87
Assign costs to units transferred out and units in ending WIP inventory
cost assigned to units transferred out
units completed and transferred out	90,000	90,000
Cost per Equivalent Unit	$               3.99	$               2.88
cost assigned to units transferred out	$        359,100	$        259,200	$        618,300
cost assigned to units ending work in progress
equivalent units in ending WIP inventory	10,000	3,500
Cost per Equivalent Unit	$               3.99	$               2.88
cost assigned to units ending work in progress	$          39,900	$          10,080	$          49,980
Total cost assigned			$        668,280

Work in progress (WIP) inventory - Assembly
Beginning WIP	$                   -	Cost of units transferred out	$ 618,300
Direct material	$        399,000
Direct labor	$        139,000
Manufacture overhead	$        130,280
Ending WIP	$          49,980